FIN920: Automating FSI Trade Lifecycle

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FIN920 Automating FSI Trade Lifecycle
Bill JacobsSenior Product Manager, Sybase
Infrastructure Products Groupbill.jacobs_at_sybase.c
om / (1 (303) 409-74316 August, 2003
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Agenda FIN 920

• Trading Systems Challenges
• New Challenges Complications
• How Integration Orchestrator Can Help Automate
  FSI
• Features Overview
• Brief Demo
• Business Activity Monitoring with Integration
  Orchestrator
• Capability Summary
• Questions?

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Line-of-Business Priorities

• Managing During Economic Uncertainty
• Focus on business critical only
• Trimming operational costs
• Identify critical cost drivers automate
• Improved external integration
• Streamline human involvement
• exception management
• self service applications
• Failure anticipation
• Reduced development costs
• Fewer, smaller projects
• Faster time-to-results
• Cut development costs
• Risk Management
• Accelerate Risk Management to near real-time
• Respond to regulatory changes
• Business Growth
• Increase service to customers

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Continuing Challenges

• Simplify trading settlement application
  development
• Re-use existing investments
• Streamline trade processes
• Attack sources of settlement exceptions
• Simplify maintenance

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New Business Complications Regulatory

• Basel II
• Transaction warehouse
• Operation Risk provisions increased cost of
  failures
• Sarbanes-Oxley
• Cost-effective reporting
• Corporate governance accountability
• Graham
• External integration for research acquisition
  dissemination
• USAPatriot related Anti-Terrorism
• Real-time detection,
• External integration for reporting
• Collaborative case resolution
• Anti-money laundering

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Enduring Integration Needs

• Streamline Development Design Collaboration
• Facilitate Deployment Admin
• Bridge New Whizzy to the Good, the Bad and
  the Ugly
• Architect for Longevity Durability
• Integrate B2B Facilities
• Streamline Exception Management
• Improve Operational Management Capabilities
• Track FSI Standards - SWIFT, FIX, etc.
• Track Emerging Standards (xxML)

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An Over-Simplified View of Trading
Information Provider
Investment Managers
Broker Dealers
Risk and Compliance
Exchanges
Front Office
Asset Management
Trading
Trading
Operations Back Office
VMU
CRM
Trading
Banking
Custodian
Depository
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Cost Reduction in Capital Markets Example
Information Provider
Broker Dealers
Investment Managers
Exchanges
Trading
Trading
Clearing, Settlement Reconciliaiton
Asset Management
Trading
Custodian
Depository
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Sybase Trade Lifecycle Integration Solutions
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Fitting It Together Something Old, Something New
Financial Networks SWIFT, FIX,
OMGEO PackagedApplications Custom
Systems Legacy Apps Databases
Adapters Connectors
Results
Integration Infrastructure
Business Process Engine
Monitoring Engine
Real-Time Business Metrics
Alerts
Transactions
Users Partners Customers
Logging Auditing
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What the Experts are Saying...The Business
Process Integration Challenge
EAI

• A serious limitation of stateless message broker
  architecture is that business logic describing a
  process is embedded in the underlying integration
  and application infrastructure that executes the
  process. This makes it difficult to examine,
  manipulate, or analyze a process without detailed
  information about the underlying message broker
  and core application infrastructure.
• Kevin McIsaac, Meta Group

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Why BPM? A Badly Abbreviated History of EAI

• In The Beginning

• Which Grew

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Why BPM? A Badly Abbreviated History of EAI

• Processes Implemented In The EAI Method
• If Message Header Contains ___ to ____
• If field CustType is ____ Do ___
• If ___ do ___
• If ___ do ___
• If ___ do ___
• If ___ do ___
• If ___ do ___
• If ___ do ___
• If ___ do ___
• If ___ do ___

• A New Method Is Needed
• BPM Delivers
• Easier to Build Understand
• Faster to Deploy Manage
• Easier Monitoring
• Easier Modification

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Introducing Integration Orchestrator 4.0
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Integration Orchestrator Convergence
Web ServicesConsumer - Now Producer - Future
Integrated Monitoring Dashboardsvia BizTracker
Integration Orchestrator 4.0
Process Xchg.To/From PowerDesigner
Eclipse IDE
GraphicalBusinessProcessDesign
BPMProcessServer
Built-In HL7 Database
EAIeBizIntegrator
NativeXML Engine
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Integration Orchestrator 4.0

• Key Contributions over Prior Products
• Easy-to-Use Design GUI
• Process-Centric Development
• Converged EAI BPM
• Broad adapter connector support
• Integral XML-based engine
• Integral Database connector
• Continued support of existing binary forms
• Direct support of web services
• Simplified integration with J2EE apps
• Direct business process monitoring
• Logical / Physical Separation
• Automatic packaging for deployment
• PowerDesigner integration for business processes

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New Design GUIs

• Process Design Workspace
• Multi-pane Eclipse IDE
• Drag drop
• Direct monitoring
• Services Discovery Tooling
• Discover Import endpoints
• Mapping, Transformation Rules GUIs
• Blend eBiz Integrator XML technology
• Realization Packaging Wizards
• Map logical to physical
• Select package processes for deployment

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Why Process-Focused Integration?

• Easiest to Understand
• EAI buries logic in the Infrastructure
• Custom Apps Bury Logic in Code
• Enhanced Reliability
• Stateful process management
• Explicit compensation
• Reduced Development Time
• Graphical Process Development GUI
• Combined EAI Process Management
• Direct Integration of Web Services
• Direct Integration with legacies
• Increased Flexibility
• Example Parallel Enrichment

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Integration Orchestrator Basic Goals

• Grow With the Industry Our Customers Needs
• Converge BPM EAI Products
• Simplify monitoring, auditing, alerting metrics
  capture
• Make integrated app development easier
• Direct easy Web Services integration
• Close Air Support for integration of J2EE
  applications

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Integration OrchestratorEnabling Collaboration

• Line of Business
• Manager
• Process Expert
• IT
• IT Developer
• IT Architect
• IT Operations

• GUI Process Tools

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Integration Orchestrator Simplified
Administration
Easy to Use Administrative Tools
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Benefits of Combined EAI BPM

• Improved Development Tools
• Separate Logical Processes from EAI
• Lower License Cost
• Fewer Queue-Hops
• Distributed Architecture
• Improved Process Reliability

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Additional Technology Additions

• Integration Services
• Native XML Support
• Database Integration
• JMS-based queueing
• Direct J2EE EJB integration
• Web Services Support
• WSDL UDDI Integration
• SOAP Communications
• ebXML via Web Services Integrator
• RosettaNet via Web Services Integrator
• Vertical Market Capabilities
• HL7 for Health Care
• Optional SWIFT FIX Support
• Process Monitoring Integration
• Process metric probing for BizTracker
• Dashboards Auditing in BizTracker

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Adding Monitoring ( easily!) Part 1

• Enable Monitoring
• 1) Configure a Probe
• 2) Attach it to a process step
• 3) Export the Probe definition in BTIE
• 4) Deploy the Process
• Development Advantages
• Fastn Easy
• Tools hide metadata management
• Process instance context automatically added
• Speeds process improvement

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Adding Monitoring ( easily!) Part 2
Integration Orchestrator GUI
BizTracker Configuration GUI
BizTracker Dashboards in EP

• To Configure BizTracker
• Export Probe Definition from Orchestrator
• Load into BizTracker
• Configure delivery transport
• Provides BizTracker With
• Metadata describing the probe
• Process ID for the sending process
• Process stage identification

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Adding Monitoring ( easily!) Benefits

• Comprehensive Monitoring
• Auditing
• Reporting
• Alerts
• Aggregation
• Dashboards
• Message Repair
• Superior Usability
• Easy Setup
• Developer-selected monitoring
• It works in near real-time
• Its easy to change
• Its uses less bandwidth
• Cost Justified
• Cuts development costs
• Provides Real-time visibility to processes
• Comprehensive measurements
• Direct process effectiveness feedback

Alerts and Status
Process Metrics, Dashboards Reports
Transactions
Error Handling
Business Processes
Results
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Sybase Internal Integration Options

• Industry Specific Adapters
• SWIFT
• GSTPA
• OMGEO
• FIX
• HIPAA

• Message Libraries
• SWIFT
• SWIFT ISO15022
• FIX
• HL7
• Numerous EDI

• Technology Adapters
• Databases
• Flat Files
• XML
• Java Components
• J2EE Components
• J2EE Connectors
• EDI X.12
• Batch Files
• CICS / OS390
• IMS / OS390
• FTP
• TCP/IP
• LU6.2
• ODBC
• Terminals
• e-Mail

Internal Connectivity

• Packaged Applications
• SAP R/3
• Siebel
• PeopleSoft

• Transports
• MQSeries
• MSMQ
• Tibco RV
• EMQ
• CTS
• JMS

• Additional Capabilities
• Replication Connector
• Adapter Development Kit

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What the Experts are Saying...

• Sybase Top 3 Vendor - Butler Group Analyst Report
• Sybase's position is well-deserved. The vendor
  has brought together a range of technologies and
  capabilities, and forged them into a solution
  packed with technical credibility and clear
  focus."
• Butler Group

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What the Experts are Saying

• Sybase and Financial Fusion is number one in
  Financial Services Market.
• TowerGroup report The Middleware Revolution
  Whos Hot and Whos Not in the Integration Space
• TowerGroup View In addition to its well-known
  data management products, Sybase has brought a
  vast array of EAI components together under the
  same roof. The e-Biz message broker technology
  was optimized for large-scale, rules-driven
  implementations robust enough to handle massive
  payment systems. With PowerDesigner, Sybase has
  embraced the higher-level BPM functions that
  allow users to graphically map out workflow and
  business rules, while the Sybase Integration
  Orchestrator can facilitate the execution of
  automated tasks.
• Tim Lind of TowerGroup

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What the Experts are Saying...

• Sybase's Integration Orchestrator provides
  companies with a new approach to enterprise
  application integration and business process
  management. It separates environments and tools
  for business and technical users and provides a
  way to accelerate development by empowering
  business analysts to drive integration
  definition, management, and modification while
  freeing IT resources, since they are only
  required for the physical layer connectivity and
  initial configuration.
• Beth Gold-Bernstein, Vice President of Strategic
  Services, ebizQ

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What the Experts are Saying...

• Integration Orchestrator is particularly
  well-suited for companies that have restricted IT
  resources but important business integration
  needs. By virtue of its business-based process
  management, it's appropriate for scenarios where
  integration needs or business processes change
  frequently. It's also appropriate when a
  company's underlying IT infrastructure will
  undergo change, since the logical business
  integrations aren't tied to physical resources
  and can be easily adapted to updated hardware or
  software.
• Beth Gold-Bernstein, Vice President of Strategic
  Services, ebizQ

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Questions (And Hopefully Answers!)